Retail clients also have negative balance protection and cannot lose more than the money in their accounts. LimeFx also supports multiple platforms for trading although they offer relatively fewer instruments. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread limefx forex broker data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The regulatory framework is hard to beat and the customer support is of a very high level.

• Nevertheless, LimeFx has two main types of accounts; demo account and real account.
• Nevertheless, the LimeFx website is easily accessible from anywhere across the world.
• 39 currency pairs, for example, would put LimeFx at the lower end of the broker for currency choices.
• On the web version of LimeFx, traders can also access the market screener research tool.
• Also available is a Mini Account, which offers fixed spreads with no commissions.
• Once I understood why it was taking time, then I was happy to wait.

LimeFx offers low prices, very good research tools, and multiple powerful platforms. Tech-savvy traders will find many great features for algorithmic trading, and opening an account is very quick and simple. Customer support representatives are praiseworthy and the educational content is superb. LimeFx is a seasoned CFD broker with several regulatory licences.

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The broker provides a Python wrapper that integrates seamlessly with Jupyter Notebook. In addition, LimeFx also gives real-world examples of how to use LimeFx data to develop and test strategies on popular platforms such as BT Analysis, QSTrader, Zipline, and QuantConnect. LimeFx is regulated in the UK by the Financial Conduct Authority as ‘Forex Capital Markets Limited’ and authorised to offer financial services, with reference number , issued in 2003. Another tool that can be very useful for you is the Market Scanner. With this tool, you can utilize technical indicators set to your own parameters to analyze forex pairs and CFDs.

Commodity Futures Trading Commission (CFTC) for failing to disclose a deal with a market maker to its clients. The broker then sold its substantial number of U.S.-based accounts to Gain Capital that operates FOREX.com, so U.S.-based traders might consider using that broker instead. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices. The app features a simple, intuitive interface for entering orders and receiving confirmations, as well as powerful trading tools and charts with access to research. LimeFx also supports the popular MetaTrader4 trading platform, so you can download the MT4 mobile app that is also available for iPhone and Android.

As mentioned earlier, LimeFx provides a dedicated account manager to guide beginners in the first stages of trading. The broker is the https://limefx.club/ winner of FXEMPIRE Best Customer Support Award 2018 and 2017. LimeFx provides 24/5 customer service via phone, live chat, and email.

• The ForexConnect API offers the same functionality that is available on the powerful LimeFx Trading Station.
• With this tool, you can utilize technical indicators set to your own parameters to analyze forex pairs and CFDs.
• Moreover, the broker provides third-party tools such as Mirror Trader and ZuluTrade.

All in all, the regulation and financial security for traders are very high compared to other brokers. With LimeFx you can be sure that your funds are safe and well managed. The list of investment products isn’t impressive compared to the other big names in the forex world. LimeFx offers users five cryptocurrencies that are provided through CFDs.

The Insights section addresses topics such as, current market issues, strategy development and risk management. Trading Station is LimeFx’s proprietary trading platform and is packed full of powerful analytical tools and advanced software functionality. It has a particularly pleasing aesthetic and navigating the dashboard is helped by the intuitive layout of the screens and monitors.

Why was LimeFx Banned in the US?

LimeFx offers only one account type for retail traders which is further divided into standard status or active trader status. LimeFx also offers professional account status for more experienced traders. LimeFx is an FCA-regulated broker providing traders access to a variety of financial markets and trading instruments, including forex, commodities, indices and shares. Read our review to learn more about the broker’s trading conditions. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts.

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The typical spread for the EUR/USD pair with this broker is 1.3 pips for the Standard account and 0.6 pips for the Active Trader Account. This is relatively low compared to the industry average of 0.7 pips. LimeFx charges both spreads and commissions depending on the type of trading account and the instrument traded. LimeFx is considered a low-risk and can be summarised as trustworthy and reliable.

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We will make sure to let the agents know that you are happy with their work. The quality of our service is just important to us, as it is to our clients. Although it took a while to get to the bottom of the technical issues I was having after the LimeFx app was updated, eventually the problem was resolved. Once I understood why it was taking time, then I was happy to wait.

Their foundations are typically rooted in technical and fundamental analysis, or as a hybrid of both methodologies. Novice and experienced traders alike frequently look to trading signals for guidance on whether to buy or sell in the live market. LimeFx offers forex signals applicable to 40 individual currency pairs. No matter if you are trading the majors, minors, crosses, or select exotics, you will never be without fresh trade ideas.

Account types on LimeFx:

LimeFx’s daily newsletter, Before the Bell, provides helpful info and daily trading ideas based on the market analysis of LimeFx’s experts. Trading Station desktop (not to be confused with TradeStation) is LimeFx’s main platform. It provides a good trading experience for all kinds of investors, be it beginners or advanced traders. An excellent trader program offers cost-effective and snugger spreads, market complexity, and other dynamic features that encompass four free APIs.

There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking.